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Showing 1 - 10 of 3165 results for "Maintain"

Platinum announces strategic review

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
... close-ended investment vehicles, particularly those that "lack sufficient scale to generate the liquidity required to maintain share prices close to the underlying net tangible assets (NTA)". Platinum said PAI and PMC were not immune to the affects of ...

How to win in today's wealth management industry: EY

ANDREW MCKEAN  |  WEDNESDAY, 24 APR 2024
To outperform in the wealth management industry, leaders must conquer several "underlying challenges" by 2030, according to an Ernst & Young (EY) report. "Overcoming these challenges is vital if wealth managers are to create value for clients, stakeholders ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... for global markets, and we need to be ready to meet that change at every step of its development. To do that, we must maintain high standards of governance and disclosure," Longo said. "We understand that there will obviously be a period of transition ...

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
championing its effectiveness in eliminating underperforming investment options and improving member outcomes. "At present, it is the only option presented that is objective, efficient, and timely to administer for both APRA and super funds and has ...

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... obligations, including to avoid conflicts of interest, and that serious consequences are imposed for contraventions to help maintain confidence in the financial system," Longo said. The court also ordered Blumenthal to pay $100,000 towards ASIC's costs ...

ASIC chief executive to depart

ELIZA BAVIN  |  TUESDAY, 16 APR 2024
The chief executive of the Australian Securities and Investments Commission (ASIC) will be leaving the regulator, effective June 1. ASIC chair Joe Longo accepted a request from the Commonwealth Director of Public Prosecutions (CDPP) for ASIC chief executive ...

Apostle Funds Management welcomes new head of wholesale

ELIZA BAVIN  |  TUESDAY, 16 APR 2024
Apostle Funds Management announced the appointment of Stuart James to the newly created role of head of wholesale, effective immediately. James will support head of global distribution Kimon Kouryialas in the delivery of Apostle's investment solutions. ...

FCA issues notices to Link Fund Solutions, Woodford

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... liquidity risk framework was appropriate; respond appropriately to the ongoing deterioration in the fund's liquidity; and maintain a reasonable liquidity profile for the fund. "The warning notices given to Mr Woodford and WIM are not the FCA's ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... human resources to provide the services covered by its licence; ensure that its representatives were adequately trained; maintain the competence to provide financial services covered by its AFS licence; take responsible steps to ensure representatives ...

Australian housing crisis escalates as affordability worsens

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... aligns with a more hawkish view compared to consensus and market expectations, predicting that the reserve bank will maintain a higher-for-longer cash rate. "We still expect the first rate cut of 25 basis points will not be until November 2024; and the ...
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